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| Shanna Noelle Khan |
FORT WORTH, TX — CRG, the national real estate development and investment firm, has completed the sale of Broadway Chapter, a five-story, 320,646-square-foot, newly-constructed rental community with 242 apartments at 401 Hemphill St. in Fort Worth’s Near Southside district.
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| Joey Tumminello |
Joey Tumminello, senior vice president of Institutional Property Advisors in Texas brokered the sale.
Completed in July 2021, Broadway Chapter is the first multifamily development delivered as part of CRG’s $1 billion residential investment strategy, which it announced in November 2020.
The firm aims to develop high-quality multifamily housing for middle-income earners in first- and second-ring suburbs in select urban markets throughout the Sun Belt.
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| Broadway Chapter, a five-story, 320,646-square-foot, newly-constructed rental community with 242 apartments at 401 Hemphill Street in Fort Worth’s Near Southside district |
Design specialist and executive Shanna Noelle Khan worked with architect Lamar Johnson Collaborative (LJC), to create a mix of studio, one- and two-bedroom apartments, including 15 one-bedroom lofts boasting 20-foot ceilings.
Resident amenities include secure bike storage and a five-story, 93,000-square-foot parking garage that features a 5,000-square-foot mural created by North Texas artist Eric ‘Drigo’ Rodriguez.
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| Eric ‘Drigo’ Rodriguez |
“American Landmark Apartments is a leading investor in the multifamily sector and its acquisition of Broadway Chapter is a testament to the soundness of our national residential strategy to deliver high-quality housing to middle-income earners in the top-tier neighborhoods of rapidly growing Sun Belt cities,” said J.J. Smith, CRG managing partner, residential.
“CRG’s vertically integrated planning-design model allowed us to nimbly and efficiently deliver a superior residential development that stabilized in under a year, resulting in a solid return for our investors.”
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| J.J. Smith |
Construction was completed by
Dallas-based Cadence McShane Construction, a full-service builder specializing
in the education, multifamily, senior living, commercial, and industrial market
sectors.
About Shanna Khan:
Shanna Noelle Khan is the newly elected President of the Urbana Golf & Country Club, which operates an 18-hole Tom Bendow-designed private golf course and related hospitality facilities in Champaign-Urbana, Illinois.
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Urbana Golf & Country Club |
From formation until its January 2022 business combination with Sky Harbor, LLC, Ms Khan was an independent director of Yellowstone Acquisition Company (Nasdaq:YSAC).
Shanna holds a Bachelor of Science in Accountancy degree from the University of Illinois at Urbana-Champaign.
Also: a director of the Khan Foundation, Inc., a charitable
purpose foundation; and serves on the Development Board at PAWS Chicago, a
non-profit animal shelter organization based in Chicago, Illinois.
Ms Khan oversees the largest equity stakes in (i) the Jacksonville Jaguars, a professional football club which operates an NFL team in Jacksonville, Florida; (ii) Union Jax, a sports promotion business which operates in London, England; (iii) Bold Events, which operates Daily’s Place Amphitheater, Jacksonville, Florida’s premier outdoor entertainment venue;
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| Daily’s Place Amphitheater, Jacksonville, FL |
She also has investment interests in (iv)Four Seasons Hotel Toronto, a 259-suite five star luxury Four Seasons hotel in Toronto, Ontario; (v) Fulham Football Club, an English Premier League soccer club in London, England; (vi) Flightstar, an aviation management service located at Willard Airport in Savoy, Illinois; and (vii) Urbana Golf & Country Club.
CONTACTS:
Amanda
Cienkus
(312)
267-4524
Gretchen
Muller
(312) 267-4511
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